‘Govt could have earned more than ₹1,000 crore’
CHANDIGARH: It is revealed that if this land had been acquired and the residential and recreational projects were finalised, the Corporation would have earned a profit of about ₹1044 crore
CBI CHARGE SHEET
The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) would have earned a profit of about ₹1,044 crore from sale of plots had the previous Congress regime not dropped 600 acres of land in Manesar from acquisition proceedings, said the CBI in its charge sheet filed on February 2.
The land was dropped in 2007 on orders from then chief minister Bhupinder Singh Hooda.
The Central Bureau of Investigation (CBI), in its charge sheet, has accused Hooda and several state administration officers of dropping the land from proceedings to help real estate builders.
The probe agency alleged that the builders forced farmers to sell land at throwaway prices under threat of acquisition. Several builders who allegedly benefited from the move have also been named as accused in the charge sheet.
‘FINANCIAL LOSS’
The central agency said HSIIDC in September 2017 had told the probe agency that the tentative saleable area of 688 acres has been assumed as roughly 15.31 lakh square metres (378 acre) and the sale price of residential plots worked out to be ₹6,600 per square metre.
“The entire cost including government charges, development charges, land compensation, interest etc worked out to be ₹840 crore,’’ the charge sheet said quoting HSIIDC’s cost sheet.
The cost sheet gave an indication of how much money the HSIIDC would have spent on acquiring land and developing it.
The charge sheet further said that according to the parameters provided by the HSIIDC — area reserved for residential use, for commercial complex and town park, for hospitals, schools and shopping centre, the total saleable area worked out to be about 16.82 lakh square metre (415 acre) and the total sale value comes out to be ₹1,884 crore.
The HSIIDC had reserved 214 acres for residential plots, about 143 acres for commercial and institutional plots and 12 acres for hospitals, schools and shopping complex in its layout plan.
“Thus it is revealed that if this land had been acquired and the residential and recreational projects were finalised, the Corporation would have earned a profit of about ₹1044 crore,’’ the chargesheet said.